Date of Original Version




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Abstract or Table of Contents

This paper concerns itself with the following problem: Suppose the true production function is of the CES type with constant returns to scale. If we fit an unrestricted Cobb-Douglas production function instead, what is the nature of the bias in the estimate of the returns to scale parameter?


Econometrica, Vol. 35, No. 3-4 (July-October, 1967)

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